Massive change to the US financial system & integration with crypto

[LordFall]

Big things are headed to the US(and thus the global) financial system. I think no matter who you are it's important to keep track of what's going on with Crypto as this technology is gonna fundamentally change the paradigm of our whole financial system.

It's not a magic pill and I still have many questions as to what this means but let's discuss. If anybody has a degree in economics and can understand these things on a deeper level than me please do share your input. 

Basically the USD will now be integrated with stable coins and the biggest american banks and regulation agencies are currently working on this new era of finance. 

Exciting times. 

[FourCrossedWands]

Another crypto thread 😂

Do you realize you won't find any new bag holders here, on a self actualization forum, right?

It's mostly people who don't care, or are against crypto. Or people who hate anything Trump related lol

[integral]

The only reason they would do this is because they recognize crypto as a more efficient way to extract wealth

Only further exasperating, the inequality gap

[LordFall]

19 hours ago, FourCrossedWands said:

Another crypto thread 😂

Do you realize you won't find any new bag holders here, on a self actualization forum, right?

It's mostly people who don't care, or are against crypto. Or people who hate anything Trump related lol

I would hope that anyone looking to self actualize thinks it's a good idea to learn about the universal medium of energy exchange(money) that rules our society and would be interested in the fact that's it's about to be completely overhauled.

14 hours ago, integral said:

The only reason they would do this is because they recognize crypto as a more efficient way to extract wealth

Only further exasperating, the inequality gap

Did you watch the video? It's a bit more nuanced than that. The USD is fighting against the Chinese yuan and perhaps this can lead to a win-win for people. Having a global USD accessible by all countries would make earth a much fairer place. Working in a weak currency is death sentence for economic value. Most countries you can't work for minimum wage and have a good standard of living. 

[Hojo]

@LordFall Fighting against your own financial system is retarded. Bank probably owns 50percent of crypto. If their dollar fails they can just rug pull that.

If I was the US Gov system I would be attacking crypto all day, or buying it all.

Edited March 16 by Hojo

[integral]

10 hours ago, LordFall said:

Did you watch the video? It's a bit more nuanced than that. The USD is fighting against the Chinese yuan and perhaps this can lead to a win-win for people. Having a global USD accessible by all countries would make earth a much fairer place. Working in a weak currency is death sentence for economic value. Most countries you can't work for minimum wage and have a good standard of living. 

If people whose only goal is to make money for themselves and there rich friends, why do you think they have your best interests?

Edited March 16 by integral

[LordFall]

2 hours ago, integral said:

If people whose only goal is to make money for themselves and there rich friends, why do you think they have your best interests?

Because the rich don't fight against the poor. They just fight for themselves. Selfishness and antagonism are two different things. And more efficient systems of finance just make everyone richer. Swift and other methods of global settlements are bad for all parties involved. They have no incentive to keep people in Africa poor if it doesn't affect their bottom line. Which in a system with scarce resources it does. In a blockchain and AI system though it wouldn't have to. 

[FourCrossedWands]

You live in a fairytale lol

The one and only reason why Trump and his cronies are pushing crypto is because they want to extract money from common people like you.

Taxes - > pump crypto - > cash out

Edited March 16 by FourCrossedWands